When you Prestige in Guardians of Middle-Earth, it resets your command loadout and your actual loadout slots.
You will, however, retain any items that you may have bought, like gems and relics, as well as characters, accolades and challenges.
Prestiging is a benefit because you return to Level 1. This means you get heaps of gold due to leveling up so quickly. The only disadvantage really is losing your loadouts for a short while until you can unlock them again.
Most MOBA games come out on PC so there may be a few console gamers in need of some tips for getting started with a game of this type. Here are some hints for starting out with Guardians of Middle-Earth:
In picking your character, you should try out as many as possible for as long as possible so that you can pick the one that is right for you and your skills. Ensure that all the characters are not the same class or with the same skills - you will need a balanced group to succeed in Guardians of Middle-Earth.
When you are in a lane, be sure to stay close to your allies and soldiers. It is easy to get overwhelmed if you don't stay with them or allow yourself to be separated. It is a good idea to have two people in the top and bottom lanes, and one in the middle. You can move between the lanes to help with a kill or assisting in tower missions, but make sure no one lane is too weak compared to the others. If you have the ability to communicate with other players, do it as much as you can!
Be patient. If you rush in attacking at the wrong time you will not succeed. Time your attacks with enemy weaknesses to greatest effect.
You should try to upgrade your towers and soldiers as quickly as possible.
Go after shrines as often as you can - these can help you stand out when it comes to the battles.
Hopefully some of these tips will assist you in your early playing of Guardians of Middle-Earth!